6-Unit Multifamily Condo
For Sale
Contact for pricing
Pending
3522 E Richmond Rd, Richmond, VA 23223
Individually parceled condo units with on-site parking and association-managed exterior maintenance.
Property SizeContact for details
Days on Market145
Property Features for 3522 E Richmond Rd
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
100%
Additional Details
Cap Rate
6.8%
Multifamily Units
6
Listing Agency:
One South Commercial
Listed By:
Justin Sledd · License #VA 0225191850
(804) 353-0009
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 31 at 2:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of One South Commercial
Investment Insights
Based on property information with market context.
This portfolio comprises six individually parceled condo units within the Villas of Oakwood community. The units are being offered together, with each parcel subject to its own purchase agreement. Recent upgrades have been completed, although conditions vary by unit; listing photographs depict a similar renovated unit that is not included in the package.
Every unit includes on-site parking, while the condo association manages exterior maintenance. All units are currently rented, and the property carries a 6.8% cap rate. The portfolio includes addresses on East Richmond Road and Briel Street in Richmond, Virginia, within the Church Hill neighborhood and near restaurants, coffee shops, and parks.
Every unit includes on-site parking, while the condo association manages exterior maintenance. All units are currently rented, and the property carries a 6.8% cap rate. The portfolio includes addresses on East Richmond Road and Briel Street in Richmond, Virginia, within the Church Hill neighborhood and near restaurants, coffee shops, and parks.
Key Highlights
- Six‑unit multifamily portfolio consisting of individual condo units
- Individually parceled assets offered together as one portfolio
- 6.8% cap rate
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Explore this area
Business Placement
Demographics for 23223, VA
51,960
Population
27,141
Households
1.9
Avg Household Size
35
Median Age
32%
College-Educated
90%
High-School Grad
16.7 sq mi
ZIP Area
3,111
Density / Sq Mi
$56,518
Median Household Income
$39,828
Median Earnings
$1,224
Median Rent
$236,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Individually parceled condo units with on-site parking and association-managed exterior maintenance.
Where is this multifamily property located?
The property is located at 3522 E Richmond Rd Richmond, VA.
What are key features of this property?
This property features: Six‑unit multifamily portfolio consisting of individual condo units; Individually parceled assets offered together as one portfolio; 6.8% cap rate
